Fund Details
ICICI Prudential Income Optimizer Fund (FOF) Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.60% |
| NAV | ₹41.61 (22 Jan 2021) |
|---|---|
| Fund Started | 05 Apr 2013 |
| Fund Size | ₹270 Cr |
Returns
Comparison
1. Lower expense ratio - 0.1%
2. 1Y Returns are higher than the category average returns
3. 3Y Returns are higher than the category average returns
4. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Prudential Medium Term Bond Fund Direct Plan-Growth | Financial | Mutual Fund | 53.5% |
| ICICI Prudential Corporate Bond Fund Direct Plan -Growth | Financial | Mutual Fund | 33.0% |
| ICICI Prudential Smallcap Fund Direct Plan-Growth | Financial | Mutual Fund | 8.5% |
| ICICI Prudential India Opportunities Fund Direct - Growth | Financial | Mutual Fund | 4.9% |
Fund Managers
ICICI Prudential Income Optimizer Fund (FOF) Direct Growth Details
ICICI Prudential Income Optimizer Fund (FOF) Direct Growth is a Others Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 05 Apr 2013. Mrinal Singh, Manish Banthia is the Current Fund Manager of ICICI Prudential Income Optimizer Fund (FOF) Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹270 Cr and the Latest NAV as of 22 Jan 2021 is ₹41.61.
The ICICI Prudential Income Optimizer Fund (FOF) Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months.
Investment Objective
The scheme seeks to generate regular income by predominantly investing in debt oriented schemes. The Scheme will also invest in equity oriented & hybrid oriented schemes with an aim to generate capital appreciation.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
